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I've been paper trading for a few months now and have a couple questions. Ninjatrader says $500.00 margin to trade with the e mini futures (es) does that also include one es e mini contract or do I purchase it separate ? If not how much is the contract ? This would be for scalping. Also when the contracts expire do you have to renew it ,rebuy it or what?
Thanks
Can you help answer these questions from other members on NexusFi?
After you set up an Brokerage account with the Initial margin ($13200 for Ninja Trader) and your ready to trade/scalp you will need to have $500.00 for every contract you enter into. $500 would be like collateral, that amount stays in your account. After you make your trade/scalp you either make money or loose money (ES e mini SP 500 = $50 for 1 point or 4tick). The brokerage makes their money by charging a commission. One other example, if you wanted to scalp 5 contracts then Ninja Trader Brokerage would require you to have at least $2500 in you account. Not that you would want to trade that many contract with that little money in your account.
Your required margin is what you need to have in liquidating value to hold or initiate a position. If you have no position, your liquidating value is your account balance but if you have an open position, your liquidating value will fluctuate with the profit/loss on the trade. A simple example, you have $2000 in your account and initiated a 1 contract ES position, requiring $500 in margin. The position now has a loss of $100, which means your liquidating value is $1900, even though you have not closed the position. I would encourage you to speak directly with a licensed rep at NinjaTrader Brokerage to make sure you understand how margin works.
Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
